Wheat futures rose toward $5.9 per bushel in early July, moving away from a near four-month low reached on June 29 after USDA reports highlighted lower wheat stocks and reduced acreage. The USDA reported June 1 wheat stocks of 920 million bushels, missing expectations. Its closely watched annual acreage report also showed US wheat plantings at 42.740 million acres, undershooting forecasts. Collectively, the reports reinforced expectations of tighter wheat supplies. Further support came from robust export demand, with the USDA reporting private sales of 100,000 metric tons of US hard red spring wheat to Nigeria for delivery in the 2026/27 marketing year, beginning June 1. However, gains remained constrained as the US wheat harvest progressed at a solid pace, while expectations of strong production across the Black Sea region continued to support the outlook for ample global supplies.

Wheat fell to 590.50 USd/Bu on July 2, 2026, down 0.25% from the previous day. Over the past month, Wheat's price has risen 0.55%, and is up 5.02% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Wheat reached an all time high of 1350.00 in March of 2022. Wheat - data, forecasts, historical chart - was last updated on July 4 of 2026.

Wheat fell to 590.50 USd/Bu on July 2, 2026, down 0.25% from the previous day. Over the past month, Wheat's price has risen 0.55%, and is up 5.02% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat is expected to trade at 602.19 USd/BU by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 627.17 in 12 months time.



Price Day Month Year Date
Soybeans 1,131.75 5.50 0.49% -1.93% 7.27% Jul/02
Wheat 590.50 -1.50 -0.25% 0.55% 5.02% Jul/02
Lumber 623.50 4.00 0.65% 4.35% 1.86% Jul/02
Cheese 1.57 0.0090 0.58% -3.09% -10.86% Jul/02
Palm Oil 4,480.00 -26.00 -0.58% -2.63% 10.29% Jul/03
Milk 15.54 0.06 0.39% -3.54% -10.54% Jul/02
Cocoa 5,017.24 -18.76 -0.37% 26.54% -38.81% Jul/03
Cotton 77.12 -0.005 -0.01% -1.75% 15.23% Jul/03
Rubber 208.80 -0.60 -0.29% -10.92% 27.39% Jul/03
Orange Juice 170.71 -0.39 -0.23% 1.37% -24.28% Jul/03
Coffee 302.16 0.96 0.32% 22.26% 8.42% Jul/03
Oat 285.75 14.2500 5.25% -12.48% -28.75% Jul/02
Wool 1,904.00 -39.00 -2.01% -3.06% 57.62% Jul/03
Rice 12.81 -0.0600 -0.47% 2.19% 1.52% Jul/02
Canola 739.70 3.20 0.43% -5.65% 7.09% Jul/03
Sugar 14.81 -0.04 -0.27% 3.79% -9.54% Jul/03
Corn 425.00 4.0000 0.95% -1.51% -1.56% Jul/02



Related Last Previous Unit Reference
United States Corn Stocks 5.29 9.02 Billion Bushels Jun 2026
United States Soybean Stocks 1.06 2.10 Billion Bushels Jun 2026
United States Wheat Stocks 0.92 1.30 Billion Bushels Jun 2026

Wheat
Wheat is one of the most important staple crops globally, serving as a key source of food for human consumption and animal feed. Its prices are closely monitored due to their impact on food security, inflation, and global trade flows. Wheat futures are traded on major exchanges, including the Chicago Board of Trade (CBOT), Euronext, Kansas City Board of Trade (KCBT), and the Minneapolis Grain Exchange (MGEX). Standard contracts typically represent 5,000 bushels. On the supply side, China, India, Russia, the United States, France, Australia, and Canada are among the largest producers globally. Russia is the leading exporter, followed by the United States, Canada, France, Ukraine, Australia, and Argentina. Prior to the Russian invasion of Ukraine, Russia and Ukraine together accounted for a significant share of global wheat exports. Wheat prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
590.50 592.00 1350.00 212.50 1977 - 2026 USd/BU Daily

News Stream
Wheat Futures Gain on USDA Data
Wheat futures rose toward $5.9 per bushel in early July, moving away from a near four-month low reached on June 29 after USDA reports highlighted lower wheat stocks and reduced acreage. The USDA reported June 1 wheat stocks of 920 million bushels, missing expectations. Its closely watched annual acreage report also showed US wheat plantings at 42.740 million acres, undershooting forecasts. Collectively, the reports reinforced expectations of tighter wheat supplies. Further support came from robust export demand, with the USDA reporting private sales of 100,000 metric tons of US hard red spring wheat to Nigeria for delivery in the 2026/27 marketing year, beginning June 1. However, gains remained constrained as the US wheat harvest progressed at a solid pace, while expectations of strong production across the Black Sea region continued to support the outlook for ample global supplies.
2026-07-01
Wheat Hits 11-week Low
Wheat decreased to 571.50 USd/Bu, the lowest since April 2026. Over the past 4 weeks, Wheat lost 5.97%, and in the last 12 months, it increased 8.25%.
2026-06-29
Wheat Falls to Nearly 4-Month Low
Wheat fell to around $5.70 per bushel in late June, reaching the lowest level since March 4, as the advancing US winter wheat harvest reinforced expectations of ample supplies. Hard red winter wheat was 49% harvested, far ahead of 11% a year earlier and the five-year average of 19%, while the soft red winter wheat harvest reached 45%, also outpacing both last year and the five-year average. Crop conditions across other wheat-producing regions also remained broadly favorable. However, losses were limited by slower farmer selling during the Northern Hemisphere harvest and concerns over European wheat production following a recent heatwave. Meanwhile, traders awaited the US Department of Agriculture's quarterly Grain Stocks report due Tuesday. Traders also monitored the resumption of security talks in the Strait of Hormuz after renewed US-Iran tensions, as the recovery of fertilizer shipments through the strategic waterway could help alleviate concerns over wheat production costs.
2026-06-29